GCC Surface Disinfectant Market Overview
GCC Surface Disinfectant Market is expected to grow at a CAGR of 8% during the forecast period (2024-2031).
GCC countries are the new growth venue of the surface disinfectant market owing to the increasing demand from the healthcare industry. Disinfectants are widely used across hospitals and clinics, surgical centers, and other healthcare facilities across the region. The increasing healthcare spending is another factor supporting the demand for disinfectants in the region. The healthcare expenditure in GCC is reported as USD 76 billion in 2017, and it is expected to reach USD 105 billion in 2022. The ongoing COVID-19 crisis is increasing the sales of surface disinfectants in the region. Countries such as Kuwait, Saudi Arabia, and UAE are at the forefront of market growth owing to increasing healthcare expenditure.
Global players mostly cater to this domestic demand through imports. GCC region is one of the leading importers of disinfectants globally, Global market leaders such as Procter & Gamble, Henkel, 3M, and Lenntech B.V. dominate the GCC market through their effective surface disinfectants. However, the high growth potential attracts several local specialty chemical manufacturers towards integrating surface disinfectants into their portfolio.
Market Summary
| Metrics | Details |
| Market CAGR | 8% |
| Segments Covered | By Product Type, By Formulation, By End User, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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GCC Surface Disinfectant Market Dynamics
Saudi Arabia has the largest healthcare sector in the Middle East region. The keen focus on healthcare improving people's health standards led the government to spend 13.5% of its total expenditure on healthcare facilities, services, and training. Moreover, the outbreak of novel coronavirus (COVID-19) has resulted in strong sales growth of surface disinfectants. The rising number of active cases and concern towards healthcare professionals' safety is forcing sanitation of facilities. As of May 6, the number of active cases in the country reached 31,000.
The Royal Order of guidelines includes disinfection of roads, parks, and other public places to curb the virus's communal spread, thus supporting the country's unexpected demand surge.
Consumer focus on personal and surrounding hygiene is likely to shift considerably post the crisis, and the demand for surface disinfectants may constantly grow over the forecast period. Quaternary Ammonium Compounds (QACs) evolved as the fastest-growing ingredient in disinfectant wipes due to their efficiency against viruses by product type.
The GCC surface disinfectant market report would provide access to 40 data tables, 56 figures, and 140 pages.
